Investors anticipate varied quarterly results with Kaynes Technology expected to report strong growth amid concerns over margins, while Inox Wind, Titan, and Oil India face challenges or cautious outlooks ahead of earnings announcements.
Kaynes Technology, Inox Wind, Titan and Oil India were among the stocks moving unevenly on Friday as investors positioned themselves ahead of quarterly earnings, with brokerages offering mixed previews for the results.
Kaynes Technology drew attention after analysts said they expected another period of strong growth, even though margins could ease. Systematix Institutional Equities forecast 30% year-on-year revenue growth for the quarter, driven by demand from industrial, electric vehicle and automotive customers, but it warned that EBITDA margins could slip to 14.6% because of a lower share of higher-margin smart meter business. ICICI Direct, meanwhile, said the company’s latest reported quarter showed 22% revenue growth to ₹804 crore, though it missed guidance because the industrial division was weak.
The broader picture for Kaynes remains one of rapid expansion. ICICI Direct said the company’s order book stood at ₹9,072 crore, up 50% from a year earlier, while a separate Business Standard report said revenue had also surged 33.63% in another recent quarter, with net profit rising 49.96%. Business Standard added that the company continues to target ₹4,500 crore of revenue in FY26 and has longer-term ambitions of reaching $1 billion by FY28.
Inox Wind, by contrast, was under pressure after a softer outlook. Systematix estimated Q1FY27 consolidated revenue of ₹900 crore, up 9% from a year earlier but down 28% from the previous quarter, based on execution of about 170MW. It said EBITDA before other income could come in at ₹190 crore, with a margin of about 21%. The cautious view follows a difficult run for the wind turbine maker: recent reports said profit fell sharply in the latest quarter, with execution delays, supply problems and payment issues weighing on performance.
Titan was more stable in trading, but the company’s update suggested solid consumer demand. HDFC Securities said Titan’s quarterly revenue rose 41% from a year earlier, with domestic jewellery sales excluding bullion up 39%. Watches, eyewear and other divisions also grew by double digits. The brokerage said it was modelling an EBIT margin of 9.3% at company level, with jewellery, watches and eyewear margins of 9.4%, 17% and 9% respectively.
Oil India slipped as well, despite expectations of a strong operational quarter. Analysts said oil output rose 6.6% from the previous quarter and gas production increased 0.8%, with EBITDA likely to jump 98% sequentially to ₹3,900 crore, helped by better realisations and a weaker rupee. The stock’s move reflected the market’s tendency to focus as much on valuation and expectations as on the operating gains themselves.
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